The Government of Canada has developed this calculator to help you plan for retirement. The calculator takes you step by step through an estimate of the ongoing income you may receive throughout your retirement from:
- Old Age Security (OAS);
- Canada Pension Plan (CPP) or Quebec Pension Plan (QPP);
- employer pension(s);
- Registered Retirement Savings Plans (RRSPs); and
- other sources of ongoing income.
The Old Age Security program and the Canada Pension Plan (or Quebec Pension Plan) provide a modest secure base on which to build your private savings. The calculator helps you assess your personal financial situation and helps you decide which steps to take to reach your retirement goals.